Personal Watercraft/Jet-ski Market Size - By Propulsion (Gasoline, Electric, Diesel), By Application (Utility, Sports, Recreation, Military) & Forecast, 2024 - 2032

Personal Watercraft/Jet-ski Market Size - By Propulsion (Gasoline, Electric, Diesel), By Application (Utility, Sports, Recreation, Military) & Forecast, 2024 - 2032

Personal Watercraft/Jet-ski market size is estimated to register over 5% CAGR between 2024 and 2032 driven by increasing recreational and leisure activities, as more individuals are seeking adventurous and enjoyable water sports experiences. Personal watercraft offer an exciting way to engage in various water-based activities, such as racing, touring, and wake boarding, which attracts both enthusiasts and casual users.

Rapid advancements, including improved engine performance, enhanced safety features, and greater fuel efficiency, are further enhancing the overall appeal of these vehicles. For instance, in September 2023, Gibson Brands Inc. launched the Flying V Jet Skis at National Association of Music Merchants (NAMM). Resorts, hotels, and rental services are also increasingly offering personal watercraft as part of their amenities to attract tourists seeking unique and thrilling experiences. The growing number of water sports events and competitions, along with favorable weather conditions, will also boosts the product demand.

The overall industry is classified into propulsion, application and region.

Based on propulsion, the personal Watercraft/Jet-ski market size from the electric segment will gain notable traction during 2024-2032 due to the increasing demand for Eco-friendly and sustainable recreational options. Electric-powered personal watercraft offer significant environmental benefits by reducing emissions and noise compared to traditional gasoline-powered models, further aligning with the growing emphasis on sustainability and reducing the ecological impacts of leisure activities.

Personal Watercraft/Jet-ski industry value from the sports application segment will witness strong CAGR through 2032. This is owing to the increasing popularity of water sports and competitive events that feature these vehicles. Personal watercraft have also grown central to various high-energy sports activities, including racing, freestyle, and tow sports, attracting both professional athletes and recreational enthusiasts.

Asia Pacific personal Watercraft/Jet-ski market will witness robust expansion over 2024-2032. Rapid urbanization and the rising disposable incomes in countries, such as China, India, and Southeast Asian nations are increasing the consumer spending on leisure and recreational activities, including personal watercraft. Moreover, the development of new beachfront resorts and recreational facilities offering water sports experiences may further stimulate the regional industry growth.